Common use of Tenant’s Personal Property Clause in Contracts

Tenant’s Personal Property. Tenant shall provide and maintain throughout the Term all such Tenant's Personal Property as shall be necessary in order to operate in compliance with applicable material Legal Requirements and Insurance Requirements and otherwise in accordance with customary practice in the industry for the Permitted Use, and all of such Tenant's Personal Property shall, upon the expiration or earlier termination of this Agreement, become the property of Landlord. If, from and after the Commencement Date, Tenant acquires an interest in any item of tangible personal property (other than motor vehicles) on, or in connection with, the Leased Property which belongs to anyone other than Tenant, Tenant shall require the agreements permitting such use to provide that Landlord or its designee may assume Tenant's rights and obligations under such agreement upon the termination of this Agreement and the assumption of management or operation of the Hotel by Landlord or its designee.

Appears in 9 contracts

Samples: Lease Agreement (Hospitality Properties Trust), Lease Agreement (Sholodge Inc), Lease Agreement (Sholodge Inc)

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Tenant’s Personal Property. Tenant shall provide and maintain throughout the Term all such Tenant's Personal Property as shall be necessary in order to operate in compliance with applicable material Legal Requirements and Insurance Requirements and otherwise in accordance with customary practice in the industry for the Permitted Use, Use and all of such Tenant's Personal Property shall, upon the expiration or earlier termination of this Agreement, become the property of Landlord. If, from and after the Commencement Date, Tenant acquires an interest in any item of tangible personal property (other than motor vehicles) on, or in connection with, the Leased Property which belongs to anyone other than Tenant, Tenant shall require the agreements permitting such use to provide that Landlord or its designee may assume Tenant's rights and obligations under such agreement upon the termination of this Agreement and the assumption of management or operation of the Hotel by Landlord or its designee.

Appears in 4 contracts

Samples: Lease Agreement (Wyndham Hotel Corp), Lease Agreement (Hospitality Properties Trust), Master Lease Agreement (Hospitality Properties Trust)

Tenant’s Personal Property. Tenant shall provide and maintain -------------------------- throughout the Term all such Tenant's Personal Property as shall be necessary in order to operate in compliance with applicable material Legal Requirements and Insurance Requirements and otherwise in accordance with customary practice in the industry for the Permitted Use, Use and all of such Tenant's Personal Property shall, upon the expiration or earlier termination of this Agreement, shall become the property of Landlord. If, from and after the Commencement Date, Tenant acquires an interest in any item of tangible personal property (other than motor vehicles) on, or in connection with, the Leased Property which belongs to anyone other than Tenant, Tenant shall require the agreements permitting such use to provide that Landlord or its designee may assume Tenant's rights and obligations under such agreement upon the termination of this Agreement and the assumption of management or operation of the Hotel by Landlord or its designee.

Appears in 3 contracts

Samples: Lease Agreement (Hospitality Properties Trust), Lease Agreement (Crestline Capital Corp), Lease Agreement (Hospitality Properties Trust)

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Tenant’s Personal Property. Tenant shall provide and maintain throughout the Term all such Tenant's Personal Property as shall be necessary in order to operate in compliance with applicable material Legal Requirements and Insurance Requirements and otherwise in accordance with customary practice in the industry for the Permitted Use, Use and all of such Tenant's Personal Property shall, upon the expiration or earlier termination of this Agreement, shall become the property of Landlord. If, from and on or after the Commencement Date, Tenant acquires an interest in any item of tangible personal property (other than motor vehicles) on, or in connection with, the Collective Leased Property Properties which belongs to anyone other than Tenant, Tenant shall require the agreements permitting such use to provide that Landlord or its designee may assume Tenant's rights and obligations under such agreement upon the termination of this Agreement with respect to the applicable Leased Property and the assumption of management or operation of the applicable Hotel by Landlord or its designee.

Appears in 1 contract

Samples: Master Lease Agreement (Hospitality Properties Trust)

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